Atif Mian and Amir Sufi at House of Debt blog note that spending on housing-related goods -- i.e., retail spending on furniture, appliances, and home improvement -- remains below its 2006 level in 2013, and emphasize that this is gap is reported in nominal terms, meaning that adjusting for inflation make the gap even larger. They go on to ask a number of interesting and important questions as tease for their (forthcoming in May) book, House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent it From Happening Again. A link to the publisher's book page with additional information is available here.
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